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's the fault of election process. when you get elected, what's the first thing you want to do? you want to get reelected. in order to get reelected you need to bring the goodies to your constituency. unless there's a law or change the election process, that's going to continue add infini infinitem, forever. it's unfortunate, it's sad. unless there's a-- unless we outlaw pork, i don't see anything changing. >> brenda: we have ourselves to blame at the bottom. but jonas, let's talk about all the fork projects. this has been going on forever and ever and both parties love to feast on pork. in fact, you can't cut it out all at once, right? >> i imagine if they cut it out completely there would be no passing of any bills because it doesn't add up to a whole lot, but boils down to, it's not going to balance the budget. and second, it's the bribe use today get the senators in congress to vote for these bigger, more important bills which would never get passed if you couldn't-- you're getting a bridge and you're getting this and you're getting a university. and these pork projects as terrible as they
to be a default election, just as 2012 was. i have to -- i hate to do it, but we have to right there. anyway, thank yo thank you very, that is it for us, we hope you will be us tomorrow, congressman frank wolf of join us. on what is going on in the obama justice department, from new york. york. >> you know every liberal's dream that government seizing your money out right, there is nothing you can do about it. now no cyprus they could find out the hard way, this tiny island nation sent a tsunami shockwave to the rest of the world, keeping the banks closed until they find a more palatable way to. welcome i am neil cavuto, you got 10 grand in a bank account. how about waking up tomorrow morning and then finding a thousand bucks missing, right off the top, does that sound over the top? in cyprus that is reason that thousands of bankustomers are blowing their talk, with talk of a 10% tax on deposit the money, has a lot of angry customers storming the atm machines but the government has closed banks to avid a bank run, a keeping them close until they sort this out, but the tax is till coming. for
through, no republican will win another national election. >> perceptions of the g.o.p. are so bad, they will never win back the white house without more inclusive policies in general. >> we have to make sure young people don't see the party as intolerant and unaccepting of alternative points of view. >> already there is a generational difference within our movement about issues that involve the treatment and the rights of gays. >> we have to improve our effort of medicating with women voters and better represent some of the unique concerns female voters may have. >> it also calls for revitalized field organizers in the grassroots, modernization of technology with the headquarters in silicon valley and fewer debates and an earlier convention. >> we know we have problems, we have identified them and we're implementing the solutions to fix them. >> to implement any primary changes, the republican national committee days the cooperation of states and democrats. and it is reopening old g.o.p. rifts of amnesty. lou: thank you very much. more on the future of the republican party coming
. this is what happened when a president's get elected? to have a choice as to who is going to obtain positions. this is similar to what barack obama stands for. i'm not surprised. >> he was the lawyer for acorn. >> exactly. >> we don't want to read debate these issues. >> both of you where rejected by the voters when the president was reelected. lou: let me come if i may, turn to the republican party which suddenly seemed to be positioning itself to embrace a pathway to citizenship. it's extraordinary. two of the most popular senators are talking about a pathway to citizenship. >> his speech was entirely different. >> let me finish. we will work out the differences. and the party seems to be entertaining, embracing a marriage. what is going on? >> i think they want to win elections and that think they're looking at the last two presidential elections and saying these are elections we could have won. they're also looking at things like the youth vote. young people really care about this issue as a civil rights issue. they're looking at things like average and will let knowledge they have made a
they want to win elections and that think they're looking at the last two presidential elections and saying these are elections we could have won. they're also looking at things like the youth vote. young people really care about this issue as a civil rights issue. they're looking at things like average and will let knowledge they have made a lot of mistakes in terms of strategy, outrage, proper route reached to the hispanic community, african-american community in this is something you can do without pandering. lou: we have not seen much. it should have gone the other way. this ministration has been fall lawn full throttle. what do you think? were seeing a substantive change in direction and values? >> some republicans have decided that they want to have, shall we say, a more flexible approach and immigration and the marriage, but i will make your bet that we do not have -- we will not have a comprehensive immigration bill passed this year. as for game marriage, that will be determined by the supreme court. even if the supreme court votes against it, you're still going to have 30 states th
you call an organization that has over 900 elected mayors from around the country a front organization. it's a group of people that -- lou: what do you call it? >> it's the group that dealt with gun violence, but it's, you know, when you get something like 95 #% of the american people supporting bkdz checks, 85% of gun owners support it, 80% of the nra members support it, but congress has reluctance because of the nra. it shows the will of the people -- lou: do you really believe they are so afraid of the nra, or do you believe that they have some conscious towards their con stitch wents and want to represent the values and desires of the constituents? i mean, are you really writing off all those people in the senate and the house of representatives and saying they are nothing more than cowardly fools at the service of the nra rather than voting their conscious? >> i would not call them "cowardly fools," but i have ran for office and been elected for office, and it's not an issue that they know the background of or cares about, that a lot of times they look at the intensity of the oppo
successful and mitt romney was elected they would have gotten their way. neil: but, it is they might get their way wit president behind them. but declines numbers, might make it difficult even with the president. >> no question, righto work, and end of collective bargaining is bad for unions and workers. you have republican governors, like chris christie, who is supportive of private sector unions and collective bargaining, it is not the end of the world, but,hey will support a man who standing by their agenda, that is the way it works in washinnton. it works other way. so, you know, unions -- >> i don't know that they would have needed to getting any. a lot of folks watching this, say, i see they are in trouble in washington having a heck of a time since last year in wisconsin, losing out on some big state cutbacks even in california and what is going on across pretty were the southeast. so, they beg to feel like custer? >> i think for most part, you have to think about president obama's second term agenda, which you know, parts of it may affect the unions, but he is focused on gun cont
expertise to this because half of the board members are elected but essentially public emplooees in california and don't have any qualifications for being on the board. they have to make changes legislatively taken care of. gerri: the people getting hurt here, does not necessarily the pension, it is taxpayers. what is the price tag of this? >> here is the thing, a recent report put calpers in the bottom 5% in the country among investment returns several years. this is not right. this is a state that has enormous unfunded pension liabilities and projected 7.5% annual returns every year, they are going to be one of the worst performers. so there is a history really of mismanagement that really needs to be changed, they need professional management. gerri: the problem is how do you tear apart, how do you break away elected officials and the unions themselves because it seems to me the two of them coming together that create this unholy alliance that causes this to happen. >> the real problem is so heavily board is elected by members and basically union friendly, all you need is a co
to eave it as it is. many voted in an unbelievable 33 times to repeal a ban appeal obamacare. on election night they lost that. in 2010, get ready for this. the obama administration has been so straightfoard and honest. nancy pelosi, harry reid, they have been honest people of public service. the cost of obamacare is now, that was just the early estimate. it had moved up to $1.1 billion. did i say billion? trillion dollars. $1.2 trillion. >> look at this, quite interesting adjustments. $1.1 trillion. than $1.2 trillion. well, the current estimate is $1.3 billion. the pattern will continue. twenty-one new taxes. twenty-one new taxes that will amount to $675 billion. this is getting expensive. among the most controversial, 2.6% tax. another $43,000. house republicans voted last summer to repeal this that they had installed it in th senate. senator orrihatch renew the effort today. he introduced a bipartisan amendment with nine democratic cosponsors to roll back that medical vice attacks. so what about presidentspromised to cut health care insurance premiums? $2500 per family. one study comm
out cyprus? melissa: why? what is the answer? >> it is germany. angela merkel is up for re-election and if she bends over and gives money to cyprus without capital controls she is likely to lose the election in the fall. i was talking about this one of the big risks to resurgence in the eurozone crisis. the guy behind her is against bailouts, period. it could bring the whole euro crisis to a head late this summer. melissa: jacob, go back to the idea what they will do with the money in the banks first before we tackle why the e.u. is getting involved. if they do that, convert deposits into cds so people cat get them out and do these things they will talk about putting this tax on deposits, what happens from there? what's the fallout? imean that's a big deal? >> well, i think capital controls at this point is inevitable because even if, even if there is a deal, unless you have capital controls, there is going to be a massive is run on these banks the minute they open. but again, i mean we need to look at what is the alternative here? if you don't do the levy over 100,000 euros, you kn
the last election. when i listen to leaders, they're talking about what matters most. talking about the fact that the free enterprise system is not a system to make you until warrior to help hedge fund managers and private equity companies but to help the powers to the powerless, to give a fair break. that is the kind of language they're using. we don't necessarily need a new visionary. will we need is people with real experience talking about it in a way it is aspirational and truth. stuart: well said. a pleasure having you with us. come again please i want to bring money into this because you know what's going, the obamacare. the think it is just pure wishful thinking on my part that all system is unraveling? >> i hope you're right. the problem is, when obama talked about the fundamental transformation of the nation this is what he meant. he went after the four main pillars of the u.s. economy, industrial base, financial sector, energy sector, and health care. once you remake those parts of the economy into a socialist model, it's very tough to unravel. very tough to unwrap the te
. they voted on it. we elected people who are idiots who vote on things they do not read. there is a payroll tax of .9%, investment tax of 3.8%, excise tax of 2.3%, 159 rules to spell out how that tax applies. can you imagine how this is going to northbound this is a nightmare. this is so the federal government can hire millions of people to make this legislation possible. it's idiotic. they should break it and start all over. >> 2200 pages turned into 20,000 so far. i remember when president clinton saiddy not have sex with that woman. president obama setd this will not add a single dime to the deficit. >> look, it's going to bring down health care costs. it's amazing people hate so much something that has barely taken effect. most hasn't gone into effect. the american people when asked about the specific provisions in the affordable care act like it. they like tax credits for small businesses to pay for insurance, they like cling the medicare donut hole, they like kids staying on insurance. 80% of people like those and less than 50% know they are in the bill. so stop smearing the bill to t
@foxbusiness.com. finally tonight, more waste, fraud, and abuse in california. in bell, california, five former elected officials of been convicted for getting themselves big salaries at the expense of the residents in the city where more than 25 percent live in poverty. the bankrupt city of san bernardino is giving police and firefighters a million-dollar pay increase. this comes after city officials claim they can barely make peril . why the hike? the city's charter mandates pay for these workers be tied to attend similar size california cities to all of which are in much better financial shape and san bernardino. impact, in irvine in pasadena, home values and property taxes are three times sandino's. boost have the city charter overturned have failed in the city council. again, this city, filing for bankruptcy in august citing a $46 million deficit and goes before a judge tomorrow. it is stupid moves like this that are keeping cities and agencies like the post office drowning in debt. there is more people involved and not a fix the problem. we just need to get the monitor. that's my "2 cents more,"
if elected. venezuela had given about 100,000 girls of crude per day to cuba but says giveaways to other countries has to end if he wins office. the special election is scheduled for april 14. iraq offered well below market rates to asia according to reuters. undercutting saudi arabia dominance in the asian market. in the third largest oil supplier in china, india and south korea. up next on "money," what dreamliner nightmare? pushing stocks to a four-year high. we'll tell you what the airliner may see clear skies ahead, plus advertisers everywhere milk march madness even if they are not official sponsors. i think it doesn't make a difference, but top marketing expert says i am way off the mark. piles of "money" coming up. úúúúú traffic noises may0i0walk you acrossp the street?ú thanks.ú ♪ hold0my hand0 ♪ melissa: boeing said they have fixed the problems and plans to be back in the sky in a number of weeks. who knows if people actually want to travel on one of these flying firebombs but the funny thing is investors don't seem to care at all, in fact boeing stock has risen more
, we don't do that; right? >> right. we just dig heels in as i said, and i think what the elected officials just fail to observe and do, neil, is just really respect where people are coming from, and, frankly, stop taxes, stop regulations, fewer lawsuits, let's help get small business out of the hole they are in, and it's just a classic example of how very little most of our elected officials understand how a business, a small business is run in america. that's just too bad. neil: all right. we'll watch closely. thank you, all, for your help today. we'll keep a close eye on all the developments and the president's trip and whether this economy is going to go up. tomorrow, a look at numbers you don't really quite see all the time that might beg that issue.y ♪ here's gerri willis. >> good evening, everybody. tonight, a cyberattack paralyzes banks an media companies in south korea. who is behind it? could it happen here? also, putting the brakes on high frequency traders. are they breaking the law and stealing your money? a new policy from one of the country's biggest companies. te
nervous we don't do that; right? >> right. we just dig heels in as i said, and i think what the elected officials just ail to observe and do, neil, is just really respect where people are coming from, and, frankly, stop taxes, stop regulations, fewer lawsuits, let's help get small business out of the hole they are in, and it's just a classic example of how very little most of our elected officials understand how a business, a small business is run in america. that's just too bad. neil: all right. we'll watch closely. thank you, all, for your help today. we'll keep a close eye on all the developments and the president's trip and whether this economy is going to go up. tomorrow, a lookat numbers you don't really quite see all the . melissa: i'm melissa francis and here's what's "money" tonight of the as we speak setting themselves up for a run on the bank. cypriot banks closed until next tuesday. people are scrambling to get as much as they can from atms. should you be worried about your money in the bank right now? we'll we'll find out from today's power panel. plus billionaire's take on
. >> they are tied to him, you know when you are running in a midterm elect like senators wwll be next year, the one that voted against the democratic budget in senate, they know, where the american people are on this and they are looking at the president as the leader of their party, they don't want to sticking to them, that is important to batch. and his -- watch, his numbers on theic toke not have anything do with how the economy is doing, but his own credibility, and believe builty and come/10. you know -- competence. neil: all right i'll put you down as a maybe on barack obama. >> your view is what? both parties, hard to be saying this. because we just go the through this elect, neither side wants to hazard doing something that makes it look stupid, right? >> absolutely, it will make it really difficult for either party to be doing anything that can be viewed as a loss for midterm that is why folks in senate who running for reelection did not vet for the budget, this is about posterring for that moment in time, we'll not see any grand bargains, because neither side will be willing to go first.
, i agree with your entire philosophy, but it lost the last election, or did it? i mean, what lost the last election? that's a good question. i hope you can come back and see us, appreciate you being here. >> thank you very much. stuart: let's see it's now 9:47, almost 48. the gold report we're above $1,600 per ounce, down just a fraction today. how about this? minimum wage right now. 7.25 an hour. should it be higher, $22 an hour. that's what senator elizabeth warren says. what, $22 an hour? and more with charles and walking through the door now. how do traders using technical analysis streamline their process? at fidelity, we do it by merging two tools into one. combining your customized charas with leading-edge analysis tools from recognia so you can quickly spot key trends and possible entry and exit points. we like this idea so much that we've applied for a patent. i'm colin beck of fidelity investments. our integrated technical analysis is one more innovative reaso serious investors are choosing fidelity. now get 200 free trades when you open an account. >> there is nobody i
, germany is facing elections six months away. so that's why they like the idea of the bank tax. you may see that or it may go away. the situation is very fluid. right now we're seeing depositers in cyprus with severe restrictions on their bank accounts. let's show you what is going on over there. this is out of cypriot parliament. when you see the level of detail you will essentially say to yourselves, wow, this situation is worse than we realized. do we have the full screen? let's show it. restrictions to stop money from flooding out of cyprus. you will see essentially basically withdrawal restrictions. ban on premature termination of cds. converting existing savings accounts into cds. restrictions on debt, credit, prepaid debit cards. i want to get to the final bullet point. this is what cyprus is saying, any measure the finance minister or governor of cyprus to stop movement of capital out of cyprus's banks. they're trying not to let the money flood out of the country. this is what we're seeing at this very hour. still talk of a solidarity investment fund where people from around the wor
scheduled for friday. >>> five elected officials in bell, california, including former mayor oscar hernandez were convicted of multiple counts of misappropriation of funds. a sixth defendant was cleared. all six defendants were cleared of charges they illegally tapped public money while serving on the city's public finance authority. that is the latest from the fox business network, giving you the power to prosper. at od, whatever business you're in, that's the business we're in. with premium service like one of the best on-time delivery records and a low claims ratio, we do whatever it takes make your business our business. od. helping the world keep promises. david: well day three of the cyprus bank closing. even though their parliament rejected the initial plan to confiscate a portion of bank deposits the fear is that the public trust has just vanished and once the banks are reopened, there will be runs. makes one wonder how can anyone say now is a good time to invest in europe? lauren: cumberland advisors chief global economist phil weather all is here to tell us why he thinks europe of
presidential candidate says he will and oil to cuba if elected. venezuela had given about 100,000 girls of crude per day to cuba but says giveaways to other countries has to end if he wins office. the special electi is scheduled for april 14. iraq offered well below market rates to asia according to reuters. undercutting saudi arabia dominance in the asian market. in the third largest oil supplier in china, india and south korea. up next on "money," what dreamliner nightmare? pushing stocks to a four-year high. we'll tell you what the airliner may see clear skies ahead, plus advertisers everywhere milk march madness even if they are not official sponsors. i think it doesn't make a difference, but top marketing expert says i am way off the mark. piles of "money" coming up. ♪ [ male announcer ] how could a luminous protein in jellyfish, impact life expectancy in the u.s., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper av
behind. >> thank you very much. i am elected member here. my question touches upon mary's sentiments, so would like to know from each of you would do for the purpose of economic growth and prosperity? i personally believe it's to better improve people's well-being, feel free to disagree with me. how can we best leave it to achieve that well-being in particular over the next 20 or so years with up to 2030. >> a great question on which to end. but they go to the panel. >> one of the questions is losing the monetary and fiscal policies if there is a set of generations that aren't around the table. a lot of what we are seeing now is basically trying to achieve a dynamic in the economy that is unsustainable long-term and therefore we come to the detriment of future generations and therefore i am quite concerned that keeping monetary and fiscal policies very loose for an unsustainable long period of time might generate numbers we see now that looks good for current generations but actually come at the expense of future generations. i'm quite concerned in whether we are really trying to counter
have been what on the 10-year yield? how far would have gone a year ago? >> after the greek elections you have a blowout in the spanish bond market, dropping to 125. dagen: in terms of cyprus, that situation is not resolved the parliament voting down that haircut europe was demanding on those deposits, but why is that risk not worth worrying about? >> i think the risk is worth worrying about. things the ecb has put in place going forward. if we were to escalate to the point cyprus would leave the monetary union, that is something but a plan b. in the works so we will wait and see. dagen: if interest rates go up even as much as you are talking about, is that a headwind for the stock market, you think, with the rally we have seen in the last couple of weeks? >> i am a bond guy, have to be careful talking about stocks. we are not looking for that kind of an increase in rates, maybe 240 on the 10-year period that is not a headwind for the economy. dagen: what do you see, or do you see a change in attitude among investors, greater willingness to own stocks at this point and maybe some worr
been just exactly that. >> and the liberace, tucker, i don't think and stole the election. and now our soldiers are getting killed as a result of what he says. after ten years of sacrifice. >> aren't you glad obama pull the troops also the good afghanistan right? >> by the way, what happens to the mass of weapons of mass destruction jack next week is the ten year anniversary. we're still looking for those. lou: it makes you wonder about just where we are with their policy. you will leave about $35 billion worth of material and equipment in afghanistan. at least that appears to be the plan right now. you get the last word here. >> i hope that the prime minister netanyahu on tuesday or wednesday brings out his little round bomb with the red line on it and says, see, i told you so. lou: and not quite sure what that meant, but i will give you the last word. james, joyous, thank you so much. that's it for us tonight. coming up next we, congressman joins us. thank you for being with us. we will see you monday. good night from new york. have a great weekend. ♪u. >>. >>> for years kids have
, high double digits down? >> well, david, the markets basically has gone straight up since the election. it is up about 15, 16% since early november. so it is not surprising to me that the market sold off a little bit here. i think maybe participants are looking for any excuse to take some chips off the table and cyprus provided them that excuse. sandra: george, let's get you in here. you have much differing opinion you are very bullish on markets, you see as the cyprus news as that is today, we'll get over that? >> that's exactly right. crisis de jure. think of all the problems we have last year or two. this is one-off event. i may feel sorry for the people in cyprus and people in your there is difficulty but it is the crisis de jure. everybody knows that there will be volatility. david: curious, george, right in front of you, pan down in the camera, you have red square. pan down with the camera shot. >> sure. see if they can get it for us. david: why is it there, george? >> it is there because it is, st. bass sill's cathedral because of stock we like, 3-d systems. 3-d systems is 3-d s
that california is where a tax revolt started right before reagan was elected. liz: which towns are in that area in california? >> east of five it is republican land. this is conservative territory. it is where farmers are. it is where oil already is. it is the fourth largest oil-producing state of the union. let's do some more with 21st century technology. charles: we have a huge audience that watches us from california. thanks a lot. we appreciate it. the dow hitting another all-time high just a few moments ago. nicole: we are seeing the dow out 14,529. these are names that are at 52 week highs. every dow component actually has an up arrow, with the exception of caterpillar. we have a weaker dollar today. the traders have said, this market still wanted to go higher despite what we had seen in cyprus and the worries. we are back in the green. general mills, all-time high for the cheerios maker. hamburger helper and the like. charles: sony people tell me i am afraid of the market. they start their day everyday eating cheerios. a lot of news on adobe. nicole: we saw adobe is on the move. they cam
. typically you look first year, presidential election cycles, even when it is an encumbent, they tend to be front-end loaded. all the gains come first half of the year. once you hit the summer season the market tends to trail off. based on what we've done year-to-date without any significant correction we're probably due something t could be bigger than three to 5%. sandra: all right. so john, taking it from stocks to commodities you mentioned how you're rather bullish on gold and some other commodities at some point. how do you play that? what are some of your big picks right now? >> we're very bullish long term on the oil sector because we think there will be a supply problem globally. therefore either oil companies in secure areas such as anadarko, or also some of the more sophisticated oil service companies that are able to better define reservoirs, figure out ways to get more oil out of existing reservoirs, deep offshore drillers. we like companies like drill quip and geospace which have very sophisticated technology. adam: dan, you like to follow the banks, don't you? who is on
. which politician can win election in germany saying, yes. >> the people drove the government and cyprus out. stuart: i think the euro days are numbered. >> yes. stuart: thank you very much. indeed. the dow is down only 32 points. the twinkie alive and well. unions will not be making or delivering any more. next, the man who saved the twinkie and will do it without the unions. ♪ [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all onhinkorswim from td ameritrade. ♪ from td ameritrade. all stations come over to mithis is for real this time. step seven point two one two. rify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens.nswers. ♪ [ male announcer ] how do you engineer a true automotive breakthrough? ♪ you give i
since the election, since december. and part of that is because he has been playing tax increases. he tries to divide people and then raises taxes. he's not threatening to raise taxes on everyone. many of the taxes to pay for obamacare had all americans. it's not targeted just a few people. politicians play trickle-down taxation. this said it will tax the rich and it trickles down to tax everybody. americans have begun to figure that out. cheryl: corporate tax rate. paul ryan 1725%. you think will happen? >> eventually will because it has to because the european average is 25%. or a 35%. obama has raised taxes on subchapter s companies that pay smaller firms and some bigger ones that. the individual rate up to 44%. europe said 25. we're 35 and 44. this is one of the reasons we're not as competitive. as a self-inflicted wound. cheryl: one of the big issues that we will talk about later on is the changes and obamacare affecting taxpayers for next year, 2013 return. i know paul ryan wants to repeal obamacare. that doesn't happen. do you think cut medicare tax, excise tax can be addressed
their way. in the last few elections democrats have been more effective. sandra: thank you very much, carl. full house resorts has revenue up 3% in the state of nevada. c.e.o. tells us why his company is a good bet for investors. dennis: and the lessons we can learn from third world economies. ways to particular start our own from the dean of n.c.u.'s stearn school of business. it's monday. a brand nestart. your chance to rise and shine. with centurylink as your trusted technology partner, you can do just that. with our visionary cloud infrastructure, global broadband network and custom communications solutions, your business is more reliable - secure - agile. and with responsive, dedicated support, we help you shine every day of the week. gives you 1% cash back on all purchases, plus a 50% aual bonus. and everyone but her... no. no! no. ...likes 50% more cash. but i don't give up easy... do you want 50% more cash? yes! yes?! ♪ [ male announcer ] the capital one cash rewards card gives you 1% cash back on every purchase, plus a 50% annual bonus on the cash you earn. it's the card for peo
. >> voters go to the polls in mid term election ins 2014 and they're going to pull that lever against obamacare and they're going to vote for members of congress and the u.s. senate who are committed to de-funding it. stuart: too late, too late. >> no, it's not too late. stuart: the exchanges will be in place and taxes in place. >> no, the taxes can be repealed. the insurance companies still exist. the physicians still exist. the hospitals still exist and the exchanges, they aren't really going to be ready. stuart: and any attempt to unravel what is already in place would be a huge mess. >> not at all. in fact, it's highly feasible and it will save our health care system. the republicans have a shot at gaining at least six seats, that's all they need to win control and there are going to be 33 senate seats in play, and the republican seats are safe. of the democratic currently democratically held seats, 13 of them are in swing states or red states, republican states. stuart: so your hope is a political revolt. >> there will be a political revolt. charles: and we had this discussion a
in awash -- washington. one of the top issues we saw in the presidential election, mitt romney very vocal about the fact we cannot trust the chinese. our viewers care about that. do you think we'll get answers? >> as you know, administration has said that china has made progress on the issue of currencie currencies. i think 10 or 15% according to the former treasury secretary on an inflation adjusted basis so -- but they do want more and congress is, of course, aldz watching this issue because it does affect the trrde imbalance between the united states and china so definitely always a major topic in these discussions. cheryl: right. i can't believe we're still talking about it so many years later. peter barnes, thank you very much and watching our new treasury secretary in china. thank you. >> okay, cheryl. cheryl: yoga pants. yes, i'm talking about yoga pants. are they too sheer? that issue bringing down shares. charles payne will join me whether this is a buying opportunities for a once high flying yoga athletic maker. and tax pain. are the rich already paying more than their fair shar
% but pulled back a bit here. several board members are facing opposition in their bids for re-election. there is plenty of controversy surrounding the company. most recently its acquisition of british software company autonomy. hp accused the company of improper accounting. hp took a $8.3 billion write-down on the deal last year. hp is standing by its board and shares regained some of lost value attributed to ceo meg whitman. hewlett-packard is up 6 cents. melissa: coming up tonight on "money", i'm breaking down all of the top issues affecting your money, the fed, minimum wage, unemployment and the economy. this is landry's ceo. a fantastic guest. we'll be talking about all those things. whether raising the minimum wage is good idea. he operates so much restaurants. all that coming up today at 5:00 p.m. eastern. lori: i will take notes. that is a lot of info to digest. coming up next we're in wait and see mode. will the fed do anything to change its stimulus plan or make any hints about those future plans? full coverage of the fed's statement and economic projections straight ahead. re
earnings will be after elect -- affected by 11 to 12 cents a share in the current quarter. 1% of the pants they had to pull off the shelves because material was too thin t will have big impact on lululemon. outlook is in question. nike after the bell tonight. year-to-date chart it is only up 4%. it is definitely not keeping up. the stock is down 2%. adam and i will bring it to you after the bell tonight. this will be a big one to watch. nike sets the tone whether or not consumers are ouu there buying sort of above just the necessity. nike is a higher end sneaker maker that is out there. by the way, guys looking for the numbers. we don't have them. 67 cents a share expected for nike. that would be down. so the there is some negative momentum heading into earnings after the bell. back to you. tracy: my stock is up, because my son buys sneaker like he is going to -- bless that kid. i'm telling you. adam: there was a generation grew up on adidas. they say adidas over in europe. nike, adidas, sandra smith. >> i like nike. tracy: what could be better, nice eearnings after the bell at 4:00. tracy
, germany and france are the backstop. they have election coming up in germany. they don't want to be seen to the voters helping oligarchs from russia in greece, cyprus, rather. tracy: good stuff. adam: emac, thank you very much. tracy: let's keep talking about this story because the cyprus shocker comes as u.s. markets have been on a record run. how will the new european fears impact the rally? let's bring in jeff klinetop, lpl chief financial strategist. jeff, i'm glad you're here. who thought a country with the gdp size of vermont could affect my 401(k) when i woke up this morning. >> right. it's sign all it takes when you have a little catalyst with some factors weighing on the market. we've got high gasoline prices, slowing earnings growth. fiscal cliff issues. adding fleece new europe concerns not that there were already a lot of european concerns with what is going on in italy and france back in the recession and greece. this just adds to all of that. all it takes as they say one straw to break the camel's back. tracy: we got caught up here in the states with all the nonsense going
are from cyprus. melissa: since his election in 2002, the new york city mayor michael bloomberg has initiated a number of health proposals. now he is proposing to ban cigarettes from being displayed in his stores. they're hiding cigarettes. is that going to prevent people from smoking or is this another instance of mayor bloomberg's big government meddling? let's get the verdict from judge napolitano. andrew napolitano. >> i'm chuckling a little bit. this follows nicely from nicole's wonderful interview with the trade representative from cyprus. the same mentality it can just steal 10% of what you have in your bank account, thinks it can tell you how to live and take care of your body rather let you have free choices. melissa: you say this is freedom of speech issue. how where cigarettes are displayed about speech? >> great question. the supreme court held that commercial speech, speech that invites a commercial transaction, i have this watch here for sale, how much will you give me for it, example of commercial speech is protected speech. if you're selling a law full product you ha
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